Spirit Net Debt vs Net Receivables Analysis

SAVE Stock

USD 3.71 0.03 0.82%

Spirit Airlines financial indicator trend analysis is much more than just breaking down Spirit Airlines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spirit Airlines is a good investment. Please check the relationship between Spirit Airlines Net Debt and its Net Receivables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.

Net Debt vs Net Receivables

Net Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spirit Airlines Net Debt account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Spirit Airlines' Net Debt and Net Receivables is 0.94. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Spirit Airlines, assuming nothing else is changed. The correlation between historical values of Spirit Airlines' Net Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Spirit Airlines are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Debt i.e., Spirit Airlines' Net Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Net Receivables

Most indicators from Spirit Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spirit Airlines current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.At present, Spirit Airlines' Enterprise Value is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Interest Expense	121.1M	100.8M	122.5M	128.6M
Depreciation And Amortization	297.2M	313.1M	320.9M	336.9M

Interest Expense Depreciation And Amortization

Spirit Airlines fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Liab
Total Assets		0.98	0.92	0.99	0.68	0.99	0.95	0.31	0.68	0.78	1.0	-0.45	0.8	0.95	0.76	0.74	0.98	0.12	0.78	0.75	0.99	0.91	0.85	0.97	0.77	0.82
Short Long Term Debt Total	0.98		0.96	0.99	0.51	0.99	0.99	0.11	0.69	0.67	0.99	-0.34	0.69	0.96	0.75	0.7	1.0	0.27	0.67	0.81	1.0	0.93	0.75	0.98	0.76	0.7
Other Current Liab	0.92	0.96		0.94	0.4	0.95	0.98	0.0	0.62	0.49	0.94	-0.2	0.52	0.89	0.68	0.64	0.96	0.45	0.5	0.79	0.95	0.93	0.6	0.89	0.7	0.61
Total Current Liabilities	0.99	0.99	0.94		0.59	0.99	0.97	0.19	0.7	0.72	0.99	-0.36	0.74	0.96	0.76	0.73	0.99	0.22	0.72	0.79	1.0	0.93	0.8	0.98	0.77	0.74
Total Stockholder Equity	0.68	0.51	0.4	0.59		0.61	0.42	0.88	0.37	0.87	0.63	-0.62	0.89	0.54	0.53	0.57	0.54	-0.49	0.85	0.28	0.55	0.48	0.86	0.57	0.53	0.88
Property Plant And Equipment Net	0.99	0.99	0.95	0.99	0.61		0.97	0.24	0.7	0.71	1.0	-0.41	0.74	0.95	0.74	0.71	0.99	0.21	0.72	0.76	1.0	0.93	0.8	0.97	0.76	0.78
Net Debt	0.95	0.99	0.98	0.97	0.42	0.97		0.01	0.68	0.56	0.97	-0.28	0.59	0.94	0.7	0.66	0.99	0.38	0.58	0.8	0.99	0.94	0.66	0.95	0.72	0.64
Retained Earnings	0.31	0.11	0.0	0.19	0.88	0.24	0.01		0.09	0.62	0.26	-0.66	0.64	0.14	0.12	0.16	0.15	-0.66	0.63	-0.22	0.15	0.14	0.59	0.19	0.11	0.73
Accounts Payable	0.68	0.69	0.62	0.7	0.37	0.7	0.68	0.09		0.54	0.69	-0.39	0.55	0.63	0.6	0.62	0.69	0.31	0.47	0.57	0.7	0.48	0.6	0.68	0.61	0.5
Cash	0.78	0.67	0.49	0.72	0.87	0.71	0.56	0.62	0.54		0.72	-0.58	1.0	0.72	0.72	0.72	0.68	-0.42	0.95	0.53	0.69	0.54	0.98	0.74	0.72	0.82
Non Current Assets Total	1.0	0.99	0.94	0.99	0.63	1.0	0.97	0.26	0.69	0.72		-0.41	0.75	0.94	0.74	0.72	0.99	0.19	0.72	0.75	0.99	0.93	0.8	0.97	0.76	0.79
Non Currrent Assets Other	-0.45	-0.34	-0.2	-0.36	-0.62	-0.41	-0.28	-0.66	-0.39	-0.58	-0.41		-0.61	-0.38	-0.18	-0.15	-0.37	0.32	-0.68	0.07	-0.37	-0.23	-0.61	-0.41	-0.17	-0.76
Cash And Short Term Investments	0.8	0.69	0.52	0.74	0.89	0.74	0.59	0.64	0.55	1.0	0.75	-0.61		0.74	0.73	0.72	0.7	-0.4	0.96	0.52	0.71	0.56	0.99	0.75	0.73	0.85
Net Receivables	0.95	0.96	0.89	0.96	0.54	0.95	0.94	0.14	0.63	0.72	0.94	-0.38	0.74		0.78	0.75	0.96	0.21	0.77	0.81	0.96	0.85	0.81	0.95	0.79	0.68
Common Stock Total Equity	0.76	0.75	0.68	0.76	0.53	0.74	0.7	0.12	0.6	0.72	0.74	-0.18	0.73	0.78		0.95	0.75	0.04	0.68	0.84	0.75	0.62	0.78	0.73	1.0	0.6
Common Stock Shares Outstanding	0.74	0.7	0.64	0.73	0.57	0.71	0.66	0.16	0.62	0.72	0.72	-0.15	0.72	0.75	0.95		0.71	0.08	0.66	0.83	0.71	0.56	0.77	0.67	0.96	0.56
Non Current Liabilities Total	0.98	1.0	0.96	0.99	0.54	0.99	0.99	0.15	0.69	0.68	0.99	-0.37	0.7	0.96	0.75	0.71		0.25	0.69	0.79	1.0	0.93	0.77	0.98	0.76	0.73
Inventory	0.12	0.27	0.45	0.22	-0.49	0.21	0.38	-0.66	0.31	-0.42	0.19	0.32	-0.4	0.21	0.04	0.08	0.25		-0.37	0.31	0.25	0.24	-0.29	0.14	0.06	-0.25
Other Current Assets	0.78	0.67	0.5	0.72	0.85	0.72	0.58	0.63	0.47	0.95	0.72	-0.68	0.96	0.77	0.68	0.66	0.69	-0.37		0.46	0.69	0.56	0.97	0.75	0.68	0.85
Other Stockholder Equity	0.75	0.81	0.79	0.79	0.28	0.76	0.8	-0.22	0.57	0.53	0.75	0.07	0.52	0.81	0.84	0.83	0.79	0.31	0.46		0.79	0.68	0.57	0.75	0.85	0.32
Total Liab	0.99	1.0	0.95	1.0	0.55	1.0	0.99	0.15	0.7	0.69	0.99	-0.37	0.71	0.96	0.75	0.71	1.0	0.25	0.69	0.79		0.93	0.77	0.98	0.76	0.73
Property Plant And Equipment Gross	0.91	0.93	0.93	0.93	0.48	0.93	0.94	0.14	0.48	0.54	0.93	-0.23	0.56	0.85	0.62	0.56	0.93	0.24	0.56	0.68	0.93		0.63	0.92	0.64	0.68
Total Current Assets	0.85	0.75	0.6	0.8	0.86	0.8	0.66	0.59	0.6	0.98	0.8	-0.61	0.99	0.81	0.78	0.77	0.77	-0.29	0.97	0.57	0.77	0.63		0.81	0.78	0.87
Short Term Debt	0.97	0.98	0.89	0.98	0.57	0.97	0.95	0.19	0.68	0.74	0.97	-0.41	0.75	0.95	0.73	0.67	0.98	0.14	0.75	0.75	0.98	0.92	0.81		0.75	0.74
Common Stock	0.77	0.76	0.7	0.77	0.53	0.76	0.72	0.11	0.61	0.72	0.76	-0.17	0.73	0.79	1.0	0.96	0.76	0.06	0.68	0.85	0.76	0.64	0.78	0.75		0.6
Other Liab	0.82	0.7	0.61	0.74	0.88	0.78	0.64	0.73	0.5	0.82	0.79	-0.76	0.85	0.68	0.6	0.56	0.73	-0.25	0.85	0.32	0.73	0.68	0.87	0.74	0.6

Click cells to compare fundamentals

Spirit Airlines Account Relationship Matchups

Spirit Airlines fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.0B	8.4B	8.5B	9.2B	9.4B	9.9B
Short Long Term Debt Total	3.6B	4.9B	5.1B	6.2B	6.9B	7.3B
Other Current Liab	352.9M	326.2M	457.7M	534.3M	669.2M	702.6M
Total Current Liabilities	1.1B	1.3B	1.3B	1.6B	1.7B	1.8B
Total Stockholder Equity	2.3B	2.2B	2.1B	1.6B	1.1B	1.2B
Property Plant And Equipment Net	5.2B	5.6B	6.3B	6.9B	7.6B	7.9B
Net Debt	2.6B	3.1B	3.8B	4.9B	6.1B	6.4B
Retained Earnings	2.0B	1.5B	1.1B	504.2M	56.8M	53.9M
Accounts Payable	43.6M	28.5M	45.0M	75.4M	42.1M	30.1M
Cash	979.0M	1.8B	1.3B	1.3B	865.2M	806.6M
Non Current Assets Total	5.7B	6.0B	6.7B	7.2B	7.9B	8.3B
Non Currrent Assets Other	(3.1M)	(2.7M)	30.1M	27.3M	236.5M	248.3M
Cash And Short Term Investments	1.1B	1.9B	1.4B	1.5B	977.7M	864.5M
Net Receivables	94.8M	190.4M	166.7M	233.5M	205.5M	215.7M
Common Stock Shares Outstanding	68.6M	84.7M	105M	108.8M	109.2M	76.2M
Liabilities And Stockholders Equity	7.0B	8.4B	8.5B	9.2B	9.4B	9.9B
Non Current Liabilities Total	3.7B	4.8B	5.2B	6.0B	6.6B	6.9B
Other Current Assets	227.4M	417.0M	273.8M	307.0M	209.5M	179.3M
Other Stockholder Equity	306.9M	725.4M	1.1B	1.1B	1.1B	1.1B
Total Liab	4.8B	6.1B	6.4B	7.6B	8.3B	8.7B
Property Plant And Equipment Gross	4.9B	5.2B	3.9B	3.7B	8.7B	9.2B
Total Current Assets	1.4B	2.4B	1.8B	2.0B	1.5B	1.1B
Accumulated Other Comprehensive Income	(787K)	(618K)	(532K)	(596K)	(67K)	(70.4K)
Short Term Debt	400.2M	585.4M	390.6M	557.3M	576.6M	605.4M
Other Liab	491.6M	492.0M	423.2M	360.5M	414.6M	252.8M
Other Assets	758.1M	5.7B	890.4M	741.7M	853.0M	963.8M
Long Term Debt	2.0B	3.1B	3.0B	3.2B	3.1B	3.2B
Short Term Investments	105.3M	106.3M	106.3M	107.1M	112.5M	70.9M
Property Plant Equipment	4.9B	3.8B	3.9B	3.7B	4.3B	4.5B
Current Deferred Revenue	315.4M	402.0M	382.3M	429.6M	383.8M	288.0M
Net Tangible Assets	2.3B	3.5B	3.9B	4.0B	4.6B	4.9B
Capital Surpluse	379.4M	799.5M	1.1B	1.1B	1.3B	692.4M
Deferred Long Term Liab	361.6M	492.0M	423.2M	360.5M	414.6M	234.2M
Treasury Stock	(67.0M)	(72.5M)	(74.1M)	(75.6M)	(68.1M)	(71.5M)
Short Long Term Debt	258.9M	384.2M	208.9M	346.9M	315.6M	213.2M
Long Term Debt Total	2.0B	3.1B	3.0B	3.2B	3.7B	2.2B

Currently Active Assets on Macroaxis

LAAC	Lithium Americas Corp
F	Ford Motor
CHPT	ChargePoint Holdings
AXL	American Axle Manufacturing
ICLN	iShares Global Clean

When determining whether Spirit Airlines is a strong investment it is important to analyze Spirit Airlines' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Spirit Airlines' future performance. For an informed investment choice regarding Spirit Stock, refer to the following important reports:

How To Invest In Spirit

Details

Is Spirit Stock a good investment?

Details

What is Spirit Airlines' Net Worth?

Details

Largest Passenger Airlines Companies

View

Largest Transportation Companies

View

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.

You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

Complementary Tools for Spirit Stock analysis

When running Spirit Airlines' price analysis, check to measure Spirit Airlines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spirit Airlines is operating at the current time. Most of Spirit Airlines' value examination focuses on studying past and present price action to predict the probability of Spirit Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Airlines' price. Additionally, you may evaluate how the addition of Spirit Airlines to your portfolios can decrease your overall portfolio volatility.

	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.
	Analyst Advice Analyst recommendations and target price estimates broken down by several categories
	Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges
	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
	Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
	Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
	Equity Valuation Check real value of public entities based on technical and fundamental data
	Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules
	Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
	Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites

Is Spirit Airlines' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spirit Airlines. If investors know Spirit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spirit Airlines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.14)

Earnings Share

(4.10)

Revenue Per Share

49.129

Quarterly Revenue Growth

(0.05)

Return On Assets

(0.03)

The market value of Spirit Airlines is measured differently than its book value, which is the value of Spirit that is recorded on the company's balance sheet. Investors also form their own opinion of Spirit Airlines' value that differs from its market value or its book value, called intrinsic value, which is Spirit Airlines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spirit Airlines' market value can be influenced by many factors that don't directly affect Spirit Airlines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Spirit Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Airlines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Spirit Net Debt vs Net Receivables Analysis

Net Debt vs Net Receivables

Net Debt vs Net Receivables Correlation Analysis

Correlation Coefficient

Net Debt

Net Receivables

Spirit Airlines fundamental ratios Correlations

Spirit Airlines Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Spirit Airlines fundamental ratios Accounts

Currently Active Assets on Macroaxis

Complementary Tools for Spirit Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Other Liab	- 0.76	Non Currrent Assets Other
Other Current Assets	- 0.68	Non Currrent Assets Other
Inventory	- 0.66	Retained Earnings
Non Currrent Assets Other	- 0.66	Retained Earnings
Non Currrent Assets Other	- 0.62	Total Stockholder Equity
Total Current Assets	- 0.61	Non Currrent Assets Other